Volato Group (Volato Group) Change In Receivables : $-0.06 Mil (TTM As of Mar. 2024)

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What is Volato Group Change In Receivables?

Volato Group's change in receivables for the quarter that ended in Mar. 2024 was $0.54 Mil. It means Volato Group's Accounts Receivable declined by $0.54 Mil from Dec. 2023 to Mar. 2024 .

Volato Group's change in receivables for the fiscal year that ended in Dec. 2023 was $-1.11 Mil. It means Volato Group's Accounts Receivable increased by $1.11 Mil from Dec. 2022 to Dec. 2023 .

Volato Group's Accounts Receivable for the quarter that ended in Mar. 2024 was $2.45 Mil.

Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed. Volato Group's Days Sales Outstanding for the three months ended in Mar. 2024 was 16.89.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Volato Group's liquidation value for the three months ended in Mar. 2024 was $-58.20 Mil.

Volato Group Change In Receivables Historical Data

The historical data trend for Volato Group's Change In Receivables can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Volato Group Change In Receivables Chart

Volato Group Annual Data

Trend

Dec21

Dec22

Dec23

Change In Receivables

-0.42

-2.22

-1.11

Volato Group Quarterly Data
	Dec21	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial			0.47	-0.14	-0.47	-	0.54

Volato Group Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.06 Mil.

Volato Group (AMEX:SOAR) Change In Receivables Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Volato Group's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2.446	/	13.211	*	91
=	16.89

2. In Ben Graham's calculation of liquidation value, Volato Group's accounts receivable are only considered to be worth 75% of book value:

Volato Group's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	6.442	-	66.478	+	0.75 * 2.446	+	0.5 * 0
=	-58.20

Volato Group Change In Receivables Related Terms

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Volato Group (Volato Group) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

1954 Airport Road, Suite 124, Chamblee, GA, USA, 30341

Website

https://www.flyvolato.com

Volato Group Inc operates an aircraft ownership program, provides ad-hoc charter flights, sells deposit products, and manages aircraft for owners in the private aviation industry. The Volato aircraft ownership program consists of facilitating the formation of limited liability companies owned by third-party members. Subsequently, the Company sells an aircraft to each limited liability company.

Volato Group (Volato Group) Headlines

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